As the complexity of data analysis increases, preemptive vs. reactionary capabilities become paramount. Data anomaly detection can help.
Anomaly detection is critical for making the most of audits. Here’s how to use anomaly detection to identify risks and get the best outcomes.
Human-centric AI for anomaly detection is designed to use human input to help support and scale financial risk discovery objectives.
Anomaly detection is a powerful technique for detecting fraudulent transactions and behaviors, thanks to financial institutions’ ever-increasing amounts of data.
For many firms, automation helps to combine quality and efficiency in audit. These 3 tools to automate risk assessment can help.
The PCAOB have released their Data and Technology Research Spotlight, and it’s a doozy: technology-based tools are in.
A quality audit approach is the first step toward risk discovery for your clients. So, where does technology fit in? Read more to find out.
Does your audit methodology need a facelift? When most people think of an auditor, they picture someone working away on a calculator with a gigantic stack of paper beside them. Invoices, transactional documents, payroll documents, let your imagination run wild. The point is, there’s always a stack of paper, albeit some have started to become
The audit industry has seen a bit of a shakeup in the past few years. New technologies, regulator crackdowns, big firms acquiring and merging, and a general push for improved processes and a review of age-old standards are all signs of new things on the horizon for our industry. But while there was a lot
CFOs continue to be one of the most important resources to their business. In the last 20 years or so, they have spent countless hours working through regulatory and reporting changes, implementing new systems, and partnering with other leaders in the business on analytics. Through all this, they also have to come up with new
An interview with Lisa Zimeskal, CPA, Partner, Hoffman & Brobst, PLLP According to a survey from the International Federation of Accountants (IFAC), smaller accounting firms are facing significant challenges. Attracting new clients, keeping up with new regulations and standards, and cost pressures versus competitors, were among the top concerns of these firms. To combat these challenges, Hoffman &
Recent advancements in Artificial Intelligence (AI) and machine learning are ushering in a new era of possibility for the audit function globally. By touching all transactions in a data set, audit firms around the world are using this cutting-edge technology to drive tremendous efficiency and effectiveness gains. Gilbert Associates Inc. recently adopted MindBridge Ai Auditor™,
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